MicroStrategy Buys $3,000 BTC in Latest Acquisition Spree

MicroStrategy persists in its relentless acquisition of Bitcoin, securing an additional 3,000 BTC to its growing portfolio. Saylor’s commitment to perpetual Bitcoin purchases remains unwavering, as evidenced by the latest move.

MicroStrategy Now Has 193,000 BTC

The recent purchase, unveiled by MicroStrategy, sees the acquisition of 3,000 BTC at a unit price of $51,813, totaling approximately $155 million. With this addition, MicroStrategy now boasts ownership of 193,000 BTC, acquired at an average price of $31,544 per BTC, amounting to a cumulative investment of $6.09 billion.

With Bitcoin’s current market valuation, MicroStrategy’s Bitcoin holdings command an impressive value of nearly $10 billion, translating to a remarkable return of close to 63% on their initial investment. This substantial growth underscores MicroStrategy’s strategic decision to diversify its treasury reserves with the leading cryptocurrency.

Swift Move Following Security Breach

The announcement of the firm’s latest Bitcoin purchase comes on the heels of a recent security breach involving the company’s official Twitter account. The breach led to unauthorized posts promoting a fake MSTR token, resulting in losses exceeding $400,000 for unsuspecting victims. 

Despite this setback, MicroStrategy remains steadfast in its commitment to Bitcoin acquisition, demonstrating resilience in the face of challenges.